(MENAFN- iCrowdNewsWire)Robotic Process Automation allows faster implementation, and scaling of the huge volume data resulting in less time consumption and reduced overhead expense of organizations. Ease in business process is the main advantage of robotic process automation. Continuous technological advancements and increase in demand for robotics process automation by organizations will fuel the market growth.
Increase in demand for automation of redundant tasks in the business process with machine learning and artificial intelligence enhancements is the key driving factor which is expected to boost the global robotic process automation market growth. The integration of technology to automate the repetitive task across various industries has resulted in reduced human error, increased throughput, and accelerated work. Combination of robotic process automation with cognitive technologies like machine learning, speech recognition, NLP (Natural Language Processing) is capable of handling higher-order tasks with AI assistance without human’s decision making capabilities. Furthermore, increase in COVID-19 pandemic will positively contribute the market growth. Due to COVID 19 effect has resulted in inclination towards cost saving by reducing the number of employees involved in performing the task and improvement of work efficiency.
Get Sample Copy of this Report @ lack of awareness regarding robotic process automation is the major challenging factor which is expected to hinder the global robotic process automation market growth. Also, data insecurity risk hindering the implementation of market in the financial sector will affect the market growth.
Market Segmentation
Global Robotic Process Automation Market is segmented into type such as Tools, Services and Travel Logistics, by service such as Consulting, Implementing, and Training, by deployment such as Cloud, and On-premise, by organization size such as Large Enterprise, and Small and Medium Size Enterprise. Further, market is segmented into application such as BFSI, Pharmaceutical & Healthcare, Retail & Consumer Goods, IT & Telecom, Communication and Media & Education, Manufacturing, and Others.
Also, Global Robotic Process Automation Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Market Key Players
Various key players are discussed in this report such as Ipsoft, Inc., Blue Prism PLC, Automation Anywhere, Pegasystems Inc., Nice Systems Ltd., Celaton Ltd., Redwood Software, Uipath SRL, Verint System Inc., and Xerox Corporation
Market Taxonomy
By Type
• Tools
• Services
• Travel Logistics
By Service
• Consulting
• Implementing
• Training
By Deployment
• Cloud
• On-premise
By Organization Size
• Large Enterprise
• Small and Medium Size Enterprise
By Application
• BFSI
• Pharmaceutical & Healthcare
• Retail & Consumer Goods
• IT & Telecom
• Communication and Media & Education
• Manufacturing
• Others
By Region
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa
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